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Search Results 0 to 20 of about 21 (some duplicates have been removed)
drury is here with what's moving your money. mandy, a lawsuit against standard & poor's has been filed. what's that about? >> they're suggesting that s&p ignored their own standards to raise mortgage bonds that imploded in the financial crisis. we know the story well. and at the end of the day, it really cost investors billions of dollars and wreaked a lot of havoc. the civil charges by the u.s. attorney general, eric holder, are the first action against a credit rating firm over the crisis, but s&p said it came out with a statement yesterday and said the government suit is entirely without factual or legal merit and it also denied wrongdoing. so we're just going to have to see how this story unfolds from here, chris. >> and what is going on with gas prices? i was in california overing the weekend, a little sticker shock there. but it's certainly not just there. most expensive ever for this time of year. >> ever, ever. the current average is $3.53 a gallon. that is, of course, the average nationwide. that is up 23 cents from a month ago, and this time last year, prices were $3.48 a gal
drury is here with what's moving your money. good morning, mandy. >> good morning to you, chris. you're absolutely right. from august, no mail on saturday. but packages will continue six days a week, and it's also aimed at saving about $2 billion annually. so all in all, wouldn't you say a good thing. in australia, we've never had saturday mail and it hasn't hurt us. anyway, why is package delivery going to continue? well, it has increased by 14% since 2010, chris. the delivery of letters and other mail, as you can imagine, has been declining with the increasing use of e-mail. also post offices now open on saturdays will remain open on saturdays. and the postmaster general thinks that most americans are going to take this new schedule in stride and be onboard. let's listen in. >> 70% of americans have consistently said that they would support five-day schedule for mail and package delivery given the financial condition of the postal service. >> and also, keep in mind, you know what the post office's biggest problem is, chris? it's not really so much due to the reduced mail flow. it's
to the "closing bell," everybody. boy, what a last hour we've just had. i'm mandy drury sitting in for maria bartiromo. bill griff sit coming back in just any moment now. meantime, stocks are sinking after a relatively hawkish fed minutes. that kind of spooked investors, and as you can see we're just settling up now, but it looks like the dow is down by 110 point and the nasdaq off 49, 1.5% less and the s&p 500 down by 1.2%, sitting there at 1511. as you can clearly see in terms of absolute numbers, 14,000 no more. we're now below that mark on the dow. bill? >> so, the question becomes was the day's downturn just a fluke, or is it the beginning of a much anticipated correction? let's ask peter sorrentino from huntington asset advisers, allen gale, michael jones from riverfront investment group and our own rick santelli. everybody is in the water at this point. what do you think? i mean, you know, everybody has been scratching their heads as the market continued higher here, but they were at least willing to stay with the trend as long as it was in place. has the trend ended today, do you thi
to the torino games. >>> a mega merge ser about to take off. mandy drury is here with what's moving your money. cnbc reporting this, a deal between american and us airways pretty close to being done. >> that's absolutely right, chris. and as american airlines and us airways, which by the way is the parent close to reaching a merger agreement in a deal that would create the world's largest airline which is possibly going to be an announcement of the deal in the next couple of weeks. now, the talk here is, chris, that an all stock deal between those two air carriers would be executed as a reorganization plan that takes amr out of chapter 11 bankruptcy protection and the combined company would be worth apparently more than $10 billion. so as we say, we could be getting that finalization of an announcement in the next couple of weeks. we'll have to watch out. >> is another story i know you've been watching, "jansing & co." meets at 5:30 in the morning. i'm going to say we're not always completely awake, but people's eyes bugged open this morning when we heard about this milestone for apple itunes.
theft. cnbc's mandy drury is here with the details in what's moving your money. this story is getting a lot of traction. >> it is, the obama administration does need to get serious about this. it really is increasing evidence of a campaign not just like one offs but a campaign of cyber stealing and, you're right, it has been linked to the chinese government. they are looking to develop a more aggressive response which could include -- we're talking about the theft of u.s. government data and corporate trade secrets, it could include new measures like fines and other trade actions against apple has confirmed that had has been a victim of the widest known cyber attack on the computers and try to down play the consequences and say no important data was stolen. as yet the full extent of the breach is not entirely clear. what we do no, hackers infected mac computers of apple employees with malicious software that has been designed to attack mac computers and reps for apple say they are working with law enforcement officers to try and find hackers that again they believe could be from china
. >>> the payroll tax and higher gas prices are taking a big chunk out of spending. cnbc's mandy drury is here with what's moving your money. "the wall street journal" reports that worried companies are scrambling to meet changing demand. >> yeah. you're absolutely right, chris. lots of retailers in fact are really trying to adjust to this brave new world if you like. we've got consumers like us. we've all got smaller pay checks right? the 2% payroll tax hike. i think hurts a household with $65,000 in annual income about $1,300 this year. so that's real money. we've got gasoline prices which have jumped nearly 50 cents a gallon in the past month alone. so you've got companies like walmart stocking more of its shelves with cheaper products and smaller sized packages of everything from toilet paper to snacks to diapers you name it, daily necessities. also burger king is cutting its whopper junior sandwich to $1.29 from about $2 and focusing its ads on its value menu items rather than higher priced salads or smoothies and also kraft and meat supplier tyson foods introducing more lower priced prod
is coming to a screeching halt for hundreds of yahoo workers. mandy drury is here with what's moving your money. the new ceo there ruffling a lot of feathers. what's going on? >> on friday, annoyed employees at yahoo leaked a memo from human resources banning telecommuting. some of the best decisions come from hallway and cafeteria discussions. impromptu meetings. you can images inin this day and age social media jumped on it especially on twitter where one person wrote hey, marisa, 1980 just called and want their work environment back. as for why a yahoo dash what will happen at yahoo, some people may decide to head to the exit. experts say companies like google are really keen to -- yeah hoop he's tool talent and may pounce. when asked for a comment a spokesperson wrote we do not comment on rumors or speculation or internal maters. >> you wonder if they might figure out a compromise on that. we shall see. >>> we talked about americans cut become spending. apparently not when it comes to our beloved pets. >> animal lovers spent a record $ 53 billion on food, vet care, kennels and various
on cnbc. i'm andrew ross sorkin along with mandy drury today and scott wapner. becky quick and joe kernen are off. they're going to join us live tomorrow for a special broadcast from pebble beach. they have some pretty cool guests themselves tomorrow. you don't want to miss that. >> did you draw the short straw or the long straw by not going? >> that's good. i don't play golf. so i don't think becky plays golf, either, so we'll see. we're all rooting for joe, who is playing. we hope he makes the cut. >> okay. we're rooting for joe. >> we all have to root for joe. i don't know if becky carries the bag or if she drives the cart. i don't know how it works. she's not going to like that comment, but we do love both of them, of course. our guest host this hour, chief equity strategy phil orlando and ben white of morning money fame. let's talk about the headlines this morning. a story in the "new york times" today looks at documents filed in federal court this week that relate to jpmorgan. the document suggests when an outside analysis uncovered serious flaws with thousands of home loans, the ba
. one more way quicken loans is engineered to amaze. ooh, la-la! >>> i'm mandy drury with your cnbc market wrap. the dow jumped by 149 points closing above 14,000 for the first time since 2007. the s&p added 15 points and the nasdaq gained 37. 157,000 new jobs were created last month with the unemployment rate ticking up to 7.9%. the numbers were slightly weaker than estimates but investors were conferred by upward revisions to november and december's numbers. more positive data on consumer sentiment, manufacturing, and construction spending also helped to push stocks higher. that is it from cnbc, first in business worldwide. have a great weekend, everybody. now it's back over to "hardball." ♪ >>> welcome back to "hardball." we're seeing a trend i'd say. republican men behaving badly. in fact, they're talking exactly the way they did in the four years leading up to their 2012 election disaster. apparently losing a presidential election senate house seats hasn't dissuaded some republicans from putting their worst feet forward. take chuck hagel's confirmation hearing. some of which
for watching. i'm mandy drury sitting in for melissa lee. "mad money" with jim cramer starts right now. go out of business. he's nuts! they're nuts. they know nothing. i like to say there's a bull market somewhere. "mad money" you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you money. my job is not just the entertain, but teen how you think things can happen. call me at 1-800-743-cnbc. look, we learned something vital about the stock market this very morning. something we have to remember always. even as ultimately the averages got completely pole axed by the end of the day. the dow sinking 268 points. the s&p giving up 1.83%. and nasdaq declining, it was the worst day around here in three months. but what did we learn about this morning? because that's what i want to focus on. well, we learned there's always a better time to sell than into the teeth of a sell-off. like the sell-off we had last week or the one we had toward the closing bell. when the dow fell an astounding 150 points on almost
. >>> a super windfall for new orleans. mandy drury is here with what's moving your money. they're tallying up the numbers but looks like a big windfall. >> this city has obviously been really hoping for a big economic boost from the super bowl although the power outage may not help its reputation going forward. nonetheless, tallying up the numbers, we're not completely tallied up yet, but over 150,000 people were expected to have visited the city with hotel revenue up 100%, all in an estimated $432 million boost plus of course all the parties and events and all the things surrounding the super bowl as well. if indeed that is the amount that it comes to, it is $100 million more than the indianapolis super bowl, that indianapolis netted last year. it is nonetheless, less than the estimated $600 million that the dallas area drew back in 2011. but you know what, they could do with an economic boost, right? >> absolutely right. that's a lot of wings. thanks a lot. >>> after catching some flack for her national anthem performance at president obama's inauguration, beyonce certainly quieted critics
'll bring it to you in ten minutes. stick around for that. >>> an airline megamerger is taking flight. mandy drury is here with what's moving your money. >> they're getting together on valentine's day. well, this merger is going to cut down the number of major u.s. airlines now to four. you've got the new american, you'll have united, delta, and southwest. so everyone is kind of asking, what does that mean for me, the consumer. well, it potentially means higher prices, less competition, higher prices. we'll have to wait and see. also, richard, most airline mergers have resulted in a reduction of flights and also shrinkage at some hubs. but management is saying this is different because u.s. airways and american overlap on just 12 routes. if you are a traveler, you will not notice immediate changes. it is likely going to be months for example, the frequent flier miles are combined and years before the two airlines are integrated. in other words, don't panic. >> not yet. >> we'll move from the world's largest airline to automobiles, and you've got news on what is the most dependable. >> yeah.
Search Results 0 to 20 of about 21 (some duplicates have been removed)